PYMNTS

MARCH 27, 2017

As banks, FinTechs and a variety of software development firms explore the waters of payments and information exchange and collaboration, NACHA says there is a new idea to consider: API standardization. . Today, that’s a very cumbersome process for financial institutions to know exactly who to call to resolve the issue.

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NACHA API ACH Network ACH 75

PYMNTS

JUNE 23, 2017

National Automated Clearing House Association ( NACHA ) — the Electronic Payments Association — and the Payments Innovation Alliance recently released a summary report from the API Standardization Industry Group’s inaugural meeting, which took place in May.

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NACHA API Participant Use Case 74

PYMNTS

SEPTEMBER 15, 2020

There will soon be rules in place that govern how merchants and other entities make sure the accounts presented for debit transactions are valid — and in the process, cut down on fraud and chargebacks. As to why the account validation rule is particularly timely, Johnson said, “Nacha's goal with this change is to clean up the ACH system.

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NACHA Verification Accounts Account Validation 69

PYMNTS

OCTOBER 15, 2020

With the current state of economic upheaval, the ongoing pandemic and the great digital shift, corporates and financial institutions are racing to digitize and modernize payment flows and back-end processes. Moving Beyond ACH . There’s room for RTP and ACH to co-exist, said Waterhouse, “for a very, very long time.”

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Real Time Payments NACHA SWIFT TCH 125

PYMNTS

MAY 10, 2019

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless. New NACHA Rule.

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Nacha Rules NACHA Rules Account Validation 71

Payments Source

MARCH 13, 2019

After more than two years of successful operation in delivering Same-Day ACH payments, Nacha's request to add a third processing window has been denied by the Federal Reserve, which says it has to obtain public comment on the concept.

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Same Day ACH NACHA ACH Federal Reserve 69

Finovate

APRIL 18, 2025

Built with AI and machine learning, the enhanced suite supports compliance with NACHA regulations and helps banks, lenders, and fintechs make smarter, faster decisions at scale. The new tools include vAccount+ Verify and vAccount+ Coverage , which will help firms onboard customers, initiate ACH payments, and detect fraud with higher accuracy.

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Verification Accounts NACHA ACH 59

EBizCharge

JULY 16, 2024

Navigating electronic payments requires a thorough understanding of compliance standards set forth by governing bodies such as the National Automated Clearing House Association (NACHA) network. What is NACHA? Data security NACHA imposes stringent requirements to protect sensitive financial data.

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NACHA Nacha Rules ACH Network ACH 52

Stax

MARCH 27, 2025

Automated Clearing House (ACH) is one type of EFT that processes payments in batches through the ACH Network. For businesses, a fast and seamless payment process means happy customersand the statistics show it. It seems straightforward for clients, but behind the scenes, a financial institution keeps the process in check.

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ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

PYMNTS

FEBRUARY 5, 2020

The ACH payments and financial data exchange nonprofit NACHA is developing a digital platform to streamline payments by facilitating data sharing via a centralized hub, NACHA announced Wednesday (Feb. The NACHA Phixius platform enables connected service providers to securely exchange payment-related data. billion payments, up 7.7

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NACHA Phixius B2B Same Day ACH 52

Payment Savvy

AUGUST 4, 2020

Starting March 19, 2021, the National Automated Clearing House Association (NACHA) will require businesses to perform online verification of bank accounts before they accept or process ACH payments. Let’s take a closer look at this situation and how to simplify the process for you. This process takes only 7-11 seconds.

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Account Validation NACHA Accounts ACH 52

PYMNTS

SEPTEMBER 14, 2018

NACHA has tapped AeroPay Express as its newest Preferred Partner for B2B Electronic Payment Enablement, the organization said Thursday (Sept. As a Preferred Partner, AeroPay Express is part of a larger group that supports NACHA’s efforts to promote payments innovation.

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NACHA B2B Payments Payer 49

PYMNTS

OCTOBER 6, 2020

The tie-up will harness Boost Intercept, which is a technology for straight-through processing and Dynamic Boost, which uses rules-based pricing for commercial card payments. Nacha Adopts Eight ACH Payment Updates. Companies and FIs will begin using Contour by focusing on the Letter of Credit (LC) process.

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Contactless Payments Innovation NACHA ACH 96

Paystand

JANUARY 15, 2025

Table of Contents Introduction to ACH Payments Defining Nacha Payments The ACH Payment Process Nacha vs. ACH: Key Differences Overview of Nacha Operating Rules Formats for Nacha Payments Importance of Nacha Compliance How Paystand Enhances Nacha Payments The Future of Digital Payments with Nacha Key Takeaways Nacha payments, governed by Nacha Operating (..)

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NACHA ACH Nacha Operating Rules Compliance 40

Paystand

JANUARY 15, 2025

Table of Contents Introduction to ACH Payments Defining Nacha Payments The ACH Payment Process Nacha vs. ACH: Key Differences Overview of Nacha Operating Rules Formats for Nacha Payments Importance of Nacha Compliance How Paystand Enhances Nacha Payments The Future of Digital Payments with Nacha Key Takeaways Nacha payments, governed by Nacha Operating (..)

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NACHA ACH Nacha Operating Rules Compliance 40

PYMNTS

FEBRUARY 7, 2017

NACHA wants to quell any anxieties about the rollout of Same Day ACH, and the latest data from the payments group should breathe new confidence in banks that have adopted the technology. NACHA also examined corporate use of Same Day ACH services, with 84 percent of banks saying they had originated services for mid-sized firms.

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Same Day ACH NACHA ACH Faster Payments 44

PYMNTS

MAY 27, 2020

But according to payments processing company Adflex , the card rails hold a particularly large opportunity to mediate friction points, especially when it comes to adopting virtual cards and cloud technology. Paycor Certified By NACHA.

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Blocks RTP NACHA Credit Union 92

PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. Further, Nacha said, the survey revealed AP professionals are facing increasing fraud attempts that target AP processes specifically.

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B2B Email Compromise NACHA Small Business 116

Agile Payments

APRIL 10, 2020

PCI compliance doesn't apply to ACH Payment Processing , but to utilize a processing platform that is PCI DSS Level 1 certified certainly doesn't hurt security measures around your ACH origination method.

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ACH PCI DSS ACH Origination NACHA 88

PYMNTS

NOVEMBER 30, 2017

NACHA has revealed news that B2B payments company Bottomline Technologies is its newest partner. 29), NACHA said Bottomline Technologies Paymode-X has been chosen as its Preferred Partner for Business-to-Business Payments. Making that payment process as smooth and seamless as possible is our number one priority.

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NACHA B2B Payments NOV 40

PYMNTS

NOVEMBER 10, 2020

Nacha has announced that Phixius, which facilitates the trusted exchange of payment information, has officially gone live, according to a press release. George Throckmorton , Nacha's managing director and executive director of Afinis API Standards, said the company is "excited" to have Phixius finally go live.

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Phixius NACHA Security ACH 72

PYMNTS

JANUARY 25, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. The first phase launched in September of last year, making ACH credit transactions eligible for same-day processing.

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Same Day ACH NACHA ACH Direct Deposit 40

Stax

NOVEMBER 13, 2024

Understanding ACH credit payments means understanding the way in which different types of ACH payments are processed in the US banking system. An ACH credit payment is a type of payment processed through the Automated Clearing House (ACH) network. An ACH debit transaction is another form of payment processed by the ACH network.

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ACH ACH Network Payer Payee 88

PYMNTS

JULY 3, 2017

Earlier this month, NACHA (the National Automated Clearinghouse Association) sent its Government Relations Advisory Group on its annual pilgrimage to Capitol Hill. NACHA’s Bill Sullivan gave the recap to PYMNTS CEO Karen Webster. What NACHA has done that no one else in the U.S. NACHA is agnostic in its partnerships.

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NACHA Faster Payments Same Day ACH ACH 45

PYMNTS

MAY 25, 2017

Transaction pain points are often so deeply ingrained in process that they become endured with a shrug. In an interview with NACHA President and CEO Jan Estep, PYMNTS’ Karen Webster delved into the commonalities of the innovations showcased at PAYMENTS 2017, and a couple of this year’s award winners: Earthport and lienwaivers.io.

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NACHA Same Day ACH Innovation ACH 46

PYMNTS

AUGUST 12, 2020

Visa has become a part of the ranks of companies experimenting with Phixius, a technology that assists credentialed service providers in exchanging and supervising digital payments data, NACHA said in a Wednesday (Aug. Separately, NACHA released new data on ACH payments adoption and noted that ACH volume in the United States expanded by 7.9

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Phixius ISO 20022 Payments Data NACHA 79

PYMNTS

APRIL 17, 2017

On Friday (April 14), NACHA released more stats about ACH to explore how businesses are using the payment rail — same-day or not. trillion, NACHA said. 2016 marked a significant year for the continued evolution and growth of the ACH Network,” said NACHA President and CEO Janet O. billion, worth a collective $43.7

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Same Day ACH NACHA ACH ACH Network 40

PYMNTS

FEBRUARY 11, 2020

The latest data from Nacha found a new record-high growth rate for adoption of ACH payments , with B2B payments showcasing a surge in adoption of the legacy payment rail that has recently turned to technologies that can augment the service, from the movement of transaction data with an ACH payment to the deployment of Same Day ACH.

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PYMNTS

OCTOBER 10, 2016

In the previous episode of NACHA’s Countdown to Same Day ACH podcast series, NACHA President and CEO Jan Estep identified the overlaps, complements and implications of all the initiatives under the faster payments umbrella — namely, real-time payments, Same Day ACH and blockchain. The Road To Process Improvement.

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Same Day ACH ACH ISO 20022 NACHA 76

Payments Source

APRIL 18, 2016

While beneficial for businesses and consumers, Nacha's new rule for same day transactions will require banks and other financial institutions to review thousands of additional transactions per day, leading to a significant increase in costs, not to mention an increased potential for fraud due to volume and rapidness of review.

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NACHA Risk Volume Rules 97

PYMNTS

APRIL 11, 2018

New data shows that the ACH Network processed 21.5 2017 marks another significant achievement in the evolution of the ACH Network, as transaction volume was exceptionally strong and Same Day ACH was made fully available,” said NACHA Chief Operating Officer and General Counsel Jane Larimer. billion transactions valued at more than $46.8

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ACH Network ACH Same Day ACH Transactions 44

PYMNTS

JULY 6, 2017

With the speed of payments accelerating and Same Day ACH initiatives continuing to roll out, NACHA has pulled together a group of industry experts to explore API standardization as a way to facilitate faster payment speeds and greater transaction security, among other use cases. financial services industry — has been slow.

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Payments Source

APRIL 6, 2020

This will help Nacha broaden its settlement capabilities to new regions, writes Icon Solutions' Gene Neyer. The Fed plans to make its National Settlement System (NSS) more available.

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Fed NACHA Settlement Payments 80

Stax

NOVEMBER 11, 2024

In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% ACH payments are more straightforward than how credit card processing works, both on the consumer-facing and business end. Faster payment delivery As mentioned above, paper check payments take a longer period to process.

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ACH Checks Identity Theft Payments 88

PYMNTS

JANUARY 28, 2020

“Real-time payments offer our clients the payment processing speed to meet their business needs in a rapidly changing digital commerce environment,” MUFG Head of Global Transaction Banking and Transaction Banking Americas and Bay Area President Ranjana Clark said in a statement. In a press release last week, NACHA said 6.4

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Same Day ACH RTP NACHA ACH 79

PYMNTS

APRIL 21, 2020

NACHA Notches ACH Growth. The most recent figures for ACH adoption released by NACHA were promising, with the ACH Network recording a 7.1 NACHA warned, however, that payment volume across rails and networks is down as a result of the coronavirus and pointed to a slowdown in late March. B2B payments in particular saw an 11.7

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NACHA Correspondent Bank Real Time Payments Push-to-Card 82

PYMNTS

JUNE 28, 2017

Accounts receivable professionals are preparing for paper checks to decline and automated clearing house (ACH) payments to rise, according to a new report by the National Automated Clearing House Association (NACHA) and the Credit Research Foundation (CRF).

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NACHA ACH Checks Push-to-Card 40